Shanes Special Shoes Pro Forma Journals Essay Example

Shane’s Special Shoes Pro Forma Journals

MAA261 Assessment 2 Case Study

Name Yonghua Chen

ID 214372461

Cash received entries

				received	Sales tax	Stock sold		Sales discount
		Refference no
	brownies
	Sales revenue
	Feet n stuff
	Feet n stuff
	Sales revenue

Cash Paid Journal

						Discount received
		Cheque no
	interest
	boundays
	Clearblue
	Aura electricity
	Opus billing
	Australian
	Ruthless real estate
	insurance
	Bank charges

Journal entries on sales
			Refference				Stock cost
4/7/2014
		Feet n stuff

Journal entry on purchases

		refference
	Deep sky shoe
	Clearblue bootmakers

LEDGERS ENTRIES

DEBTOR ACCOUNTS

Autheys 102-1

	discount				0
	discount

Brownies 102-2

	discount				0

Feet n Stuff 102-3

	discount
					0

Froggys 102-4

4/7/2015
	discount
	Return outwards

STOCK accounts

Aquanita 103-1

	purchases
				0

Blithe 103-2

	purchases

Constanta 103-3

8/7/2015
	purchases

Dryburgh 103-4

4/7/2015
	purchases
				0

Creditors’ accounts

Andos 200-1

	discount					0

Boundys 200-2

	discount					0
	discount					0

ClearBlue Bootmakers 200-3

	discount					0
	purchase
	Reurn outwards

Deep Sky 200-4

	purchases
	discount
21/7/2015
	discount					0

Accounts

					22,609Dr

SUPPLIES ON HAND 101

	Closing stock

SALES CONTROL ACCOUNT 102

					14,020Dr
	Total sales
	Cash receipts
	Sales return
	Bad debts
	Discount allowed

STOCK 103

					13,750Dr
	purchase
STOCK loss
	aquanita
	Blithe 48*165
	Constaunta 28*220

PREPAID ADVERTISING 104

PREPAID INSURANCE 105

	Insurance expense				0

PREPAID RENT 106

	Rent expense
1/8/2015

GST PAID 107

DELIVERY VEHICLES – AT COST 150

					20,000Dr

ACCUMULATED DEPRECIATION (DELIVERY VEHICLES) 151

	accumulated

FURNITURE & FITTINGS – AT COST 160

ACCUMULATED DEPRECIATION – FURNITURE & FITTINGS 161

31/7/2014	depreciation

OFFICE EQUIPMENT 170

ACCUMULATED DEPRECIATION – OFFICE EQUIPMENT 171

	depreciation

PURCHASES CONTROL ACCOUNT 200

	purchases
	Cash purchases
	Discount received

TELEPHONE PAYABLE 201

ELECTRICITY PAYABLE 202

INTEREST PAYABLE 203

	Interest expense				0

GST COLLECTED 204

31/72015

PAYG PAYABLE 205

WAGES PAYABLE 206

BANK LOAN 250

					10,000Cr

CAPITAL ACCOUNT 300

					53,387Cr

DRAWINGS 301

SALES INCOME 400

13/7/2015

SALES RETURNS & ALLOWANCES 401

	Clear line

SALES DISCOUNT 402

COST OF STOCK SOLD 500

1/7/2015	Opening stock
31/7/2015	purchases
	Closing stock

DISCOUNT RECEIVED 501

31/12/15	purchases

STOCK LOSS 502

	constanta

ADVERTISING EXPENSE 601

	Bank (the age)

BAD AND DOUBTFUL DEBTS EXPENSE 602

	Accont receivable

BANK CHARGES 603

DEPRECIATION EXPENSE – MOTOR VEHICLES 604

	accumalted

DEPRECIATION EXPENSE – FURNITURE & FITTINGS 605

DEPRECIATION EXPENSE – OFFICE EQUIPMENT 606

ELECTRICITY EXPENSE 607

INSURANCE 608

	Prepaid insurance

RENT EXPENSE 609

SUPPLIES EXPENSE 610

	Supplies on hand

TELEPHONE EXPENSE 611

WAGES EXPENSE 612

INTEREST EXPENSE 613

Trial BALANCE.

As at 31^st July 2015

Supplies on hand
Acc receivable
Opening stock
Prepaid insurance
Prepaid rent
Motor vehicle
furniture
Office equip
Acc payable
Bank loan
Sales returns
Discount allowed
Advertisement expense
Bad and doubtful debts
Bank charges
Insurance, rent
Supplies expense
purchases

DEBTOR Schedule

as at 31^st July 2015

	Autheys Shoe Shop
	Brownies Boots	0
	Feet “n” Stuff	0
	Froggys Footwear Centre

STOCK schedule

as at 31^st July 2015

	Aquanita Regular Shoes
	Blithe Universal Shoes
	Constanta Select Shoes
	Dryburgh Exclusive Shoes	0

creditors schedule

as at 31^st July 2015

	Andos Leather Supplies	0
	Boundys Shoe Manufacturer	0
	ClearBlue Bootmakers
	Deep Sky Shoe Suppliers	0

Profit and loss

for the month ending 31^st July 2015

Less sales return
Less cost of sales
Cost of sales
Gross profit
Less expense
Depreciation
Bank charges
Insurance and rent
Discount allowed
Bad debts
Net profit

Equity changes

for the month ending 31^st July 2015

Opening equity
Net profit

Bank Reconciliation Statement

as at 31^st July 2015

BAL. as per cash book
Direct deposit
Less unpresented cheque
Less charges
Bank BAL.

Balance sheet

as at 31^st July 2015

Fixed assets
Delivery vehicle
Furniture and fittings
Office equipment
Current assets
Account receivable
prepayments
Current liabilities
Account payable
accruals
Net assets
Financed by